Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following best describes a salesperson's obligation to a seller client from the time an offer is accepted until the transaction is closed?

1. The salesperson has no obligations other than removing the sold sign at closing.

2. The salesperson doesn't need to worry about the seller's obligations relating to the closing day, as these are handled by the lawyer.

3. The salesperson should assist with arranging and confirming appointments for inspections requested by the buyer, if applicable.

4. The salesperson has no obligations to the seller once all conditions in the agreement have been met.

5. The salesperson is only responsible for documentation management after the offer is accepted.

6. The salesperson must ensure the buyer completes financing before the closing date.

The correct answer is: The salesperson should assist with arranging and confirming appointments for inspections requested by the buyer, if applicable.

The correct answer is C. This is because a salesperson has a duty to assist with arranging and confirming appointments for inspections requested by the buyer, if applicable, from the time an offer is accepted until the transaction is closed. This is an important part of the salesperson's obligation to the seller client as it helps ensure that the buyer is able to complete their due diligence and inspections within the specified timeframe. Options A, B, D, E, and F are incorrect because they do not accurately describe the salesperson's obligations to the seller client during this crucial period. It's important for the salesperson to be actively involved in coordinating inspections and other necessary appointments to help facilitate a smooth closing process for both the seller and the buyer.